Nigeria,
June 2016: A report by the global publishing firm, Oxford Business Group (OBG), will examine the Central Bank of
Nigeria’s monetary policy, reviewing the country’s recently-revised foreign
exchange policy alongside broader efforts by the government to stimulate
growth.
The Report:
Nigeria 2016 will include analysis of the country’s new floating foreign
exchange policy, which was enacted in June by the central bank. The decision to
allow the naira to float marks a distinct change from previous policy, which in
the face of dwindling reserves had led to a widening gap between official and
black-market exchange rates for the naira against the US dollar.
OBG will
also look at the impact of the measures on the domestic supply chain, and
assess the ramifications for bond trading and liquidity in the Nigerian market.
Other topics that the publication will cover include the Central Bank’s efforts
to curb inflation, which remains above 9%.
To deepen OBG’s analysis on these issues, FBN Capital has signed a first-time Memorandum Of Understanding (MOU) for the publishing firm’s forthcoming report. Serving as a research partner for the next three editions of The Report: Nigeria, the company will work closely with OBG’s team to support coverage on Nigeria’s key financial, economic and monetary issues. FBN Capital will also be responsible for compiling and producing the Capital Markets Shares Analysis of The Report: Nigeria 2016.
Lolade Sasore, the head of marketing and corporate
communications at FBN Capital, said, “Oxford Business
Group is a recognised and respected source of business intelligence, and we are
quite pleased about the collaboration. We are committed to working with strong
partners to provide credible information, analyses and perspectives which will
support decision-making and encourage investment into the country in the long
term.”
OBG’s
country director in Nigeria, Izabela
Kruk, said that with 2016 expected to be a significant year for Africa’s
largest economy, FBN Capital’s contribution to the Group’s forthcoming
publication was particularly welcome.
She added: “The Report: Nigeria 2016 comes at a pivotal point in the
country’s development, with efforts to diversify the economy taking on added
urgency due to lower global oil prices. FBN Capital is playing an active role
in helping Nigeria to broaden its economic base and reduce its reliance on
hydrocarbons and their deep knowledge of the local market will help further
expand our coverage of Nigeria’s key financial sectors.”
The Report: Nigeria 2016 will be a vital guide to the many facets of the country, covering a range of sectoral developments in oil, industry, infrastructure, banking and telecoms, among others. Oxford Business Group’s report will also contain interviews with leading representatives from the public and private sector, and is being produced in collaboration with the Nigerian Economic Summit Group and the Nigerian Investment Promotion Commission. The publication will be available in print and online.
About
Oxford Business Group
Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of Africa, the Middle East, Asia, Central and Latin America and the Caribbean. Through its range of print and online products, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments, including banking, capital markets, insurance, energy, transport, industry and telecoms.
Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of Africa, the Middle East, Asia, Central and Latin America and the Caribbean. Through its range of print and online products, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments, including banking, capital markets, insurance, energy, transport, industry and telecoms.
The
critically acclaimed economic and business reports have become the leading
source of business intelligence on developing countries in the regions they
cover. OBG’s online economic briefings provide up-to-date in-depth analysis on
the issues that matter for tens of thousands of subscribers worldwide. OBG’s
consultancy arm offers tailor-made market intelligence and advice to firms
currently operating in these markets and those looking to enter them.
(Guardian)
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